SMEs Rejoice: Qashio and CredibleX Introduce 'Qashio Financing' – A Boost for Growth and Efficiency
Mokshita P.
10x Industry

SMEs Rejoice: Qashio and CredibleX Introduce 'Qashio Financing' – A Boost for Growth and Efficiency

Empowering Business Growth with Quick Access, Competitive Rates, and Streamlined Processes, 'Qashio Financing' Meets the Diverse Financial Needs of SMEs in the Region.

In a collaboration, fintech innovator Qashio and MENA's finance platform CredibleX have officially launched 'Qashio Financing,' an initiative aimed at providing flexible and accessible financing solutions to businesses across all scales.

With a primary focus on facilitating growth, bridging cash flow gaps, and enhancing operational efficiency, 'Qashio Financing' promises quick access to funds, competitive interest rates, and a user-friendly application process tailored to meet the unique needs of Qashio's SME customers, all powered by the capabilities of CredibleX.

Armin Moradi, Co-Founder and CEO of Qashio, expressed the company's commitment to empowering SMEs with dynamic financial tools. He stated, "'Qashio Financing' is a testament to this commitment. Through this partnership with CredibleX, we deliver a solution that not only addresses the immediate financial needs of our customers but also supports their long-term growth objectives."

Ahmad Malik, Co-Founder of CredibleX, highlighted the nature of the partnership for SMEs, emphasising the combination of instantaneous credit decision-making, a range of financing options, and a seamless, embedded journey within Qashio's application. This integration enables SMEs to access a highly tailored and efficient financial support system that addresses their unique challenges.

The 2023 Mastercard SME Confidence Index, reflecting a positive outlook in the MENA region, revealed that 72 percent of SMEs anticipate stable or growing revenue, with 92 percent underscoring the need for access to a broader array of financial services. In direct response to these findings, 'Qashio Financing' distinguishes itself with key features designed to meet the diverse needs of businesses. The initiative offers swift financing options, ensuring timely access to funds during critical junctures. Competitive rates are provided to support and facilitate business growth, coupled with a streamlined application process for a hassle-free experience. The hallmark of 'Qashio Financing' is its flexibility, offering solutions that cater to a wide spectrum of business needs and sizes.

This collaboration between Qashio and CredibleX signifies a significant step forward in the realm of fintech innovations, reinforcing their commitment to boost economic growth and resilience among SMEs in the MENA region.